Electric Vehicle Battery Thermal Management System Market Size, Share, Analysis and Forecasts To 2021
Market Research Analysts forecast the global electric vehicle battery thermal management system market to grow at a CAGR of 37.77 % during the period 2017-2021.
According to the report, one driver in market is increasing demand for EVs and their expanded applications.( H) EVs are powered mainly by batteries. The battery pack in a hybrid vehicle must tolerate heavy charge( during sudden braking) and heavy discharge( for sudden speed boost). In addition, the temperature must be kept within the tolerable range, allowing space for the dissipation of heat generated from regenerative braking, and to heat the batteries in case of cold weather conditions. Therefore, BTMS act as a crucial feature in these vehicles guaranteeing healthy battery operations.
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About Electric Vehicle Battery Thermal Management System
The consumption of rechargeable batteries is growing globally, covering all major sectors, including consumer electronics, energy, automotive, and telecom. The efficiency of the batteries( the maximum output power with respect to size and weight) has improved due to the advances in technologies. This growth in the global rechargeable battery market has prompted companies to become knowledgeable about the thermal management of battery systems, such as solutions for overheating and cold weather conditions, to improve battery life and performance.
Covered in this report
The report covers the present scenario and the growth prospects of the global electric vehicle battery thermal management system market for 2017-2021. To calculate the market size, the report considers the revenue generated from the total unit sales of BTMS offered in EVs currently sold in the market.
The market is divided into the following segments based on geography: APAC Europe North America
Technavio ' s report, Global Electric Vehicle Battery Thermal Management System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors Bosch